Financing Solutions

Maplewood's Economic Development Authority (EDA) promotes and facilitates economic development within the city. The EDA considers development proposals on a case-by-case basis and uses a broad range of tools and programs to help projects become viable. This resource is a sample of the tools available for the EDA to use.

Tax Increment Financing
Tax increment financing (TIF) is a planning and financing tool which has been used by local units of government since 1973.Tax increment financing was originally designed by the Minnesota Legislature to replace the federal urban renewal programs of the 1960s, which were gradually cut back and eventually eliminated. Contact the city for more information relating to the use of TIF.

Minnesota State Statute Chapter 471.701 requires that
"A city or county with a population of more than 15,000 must annually notify its residents of the positions and base salaries of its three highest-paid employees."